San Diego, CA -- (SBWire) -- 04/22/2020 --An investigation announced over potential breaches of fiduciary duties by certain officers and directors at Five Below, Inc.
Investors who purchased shares of Five Below, Inc. (NASDAQ: FIVE) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Five Below, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Philadelphia, PA based Five Below, Inc. operates as a specialty value retailer in the United States. Five Below, Inc. reported that its Total Revenue rose from over $1.27 billion for the 12 months period to over $1.55 billion for the 12 months period that ended on January 31, 2019 and that its Net Income over those respective time periods increased from $102.45 million to $149.64 million.
On January 13, 2020, Five Below, Inc announced sales guidance for the 2019 fiscal fourth quarter. The Company expects to report sales of $685 million to $688 million with comparable-store sales declining 2% to 2.5%. Just earlier in December 2019, Five Below, Inc had estimated sales to come in at $717 million to $732 million with comparable sales up 2% to 3%.
Shares of Five Below, Inc. (NASDAQ: FIVE) declined to as low as $59.30 per share on April 03, 2020.
Those who purchased shares of Five Below, Inc. (NASDAQ: FIVE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ: FIVE Investor Notice: Investigation over Potential Wrongdoing at Five Below, Inc.
An investigation on behalf of investors in Five Below, Inc. (NASDAQ: FIVE) shares over potential wrongdoing at Five Below, Inc. was announced.